USD/JPY’s rise accelerated to as high as 105.76 last week but formed a temporary top there. Initial bias is neutral this week for some consolidations first. Further rally is expected as long as 104.39 resistance turned support holds. On the upside, break of 105.76 will resume the rebound from 102.58, for 38.2% retracement of 111.71
The post USD/JPY Weekly Outlook appeared first on Action Forex.
USD/JPY’s rise accelerated to as high as 105.76 last week but formed a temporary top there. Initial bias is neutral this week for some consolidations first. Further rally is expected as long as 104.39 resistance turned support holds. On the upside, break of 105.76 will resume the rebound from 102.58, for 38.2% retracement of 111.71 […]
The post USD/JPY Weekly Outlook appeared first on Action Forex.